Mimecast Limited (NASDAQ:MIME) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lessened its stake in Mimecast Limited (NASDAQ:MIMEGet Rating) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 903,688 shares of the technology company’s stock after selling 1,853 shares during the period. Brown Advisory Inc. owned 1.35% of Mimecast worth $71,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. USA Financial Portformulas Corp acquired a new stake in shares of Mimecast during the fourth quarter worth about $36,000. Evoke Wealth LLC acquired a new stake in shares of Mimecast during the fourth quarter worth about $39,000. North Star Investment Management Corp. boosted its stake in shares of Mimecast by 61.5% during the fourth quarter. North Star Investment Management Corp. now owns 525 shares of the technology company’s stock worth $42,000 after buying an additional 200 shares during the period. CWM LLC acquired a new stake in shares of Mimecast during the fourth quarter worth about $48,000. Finally, Parallel Advisors LLC boosted its stake in shares of Mimecast by 472.2% during the first quarter. Parallel Advisors LLC now owns 904 shares of the technology company’s stock worth $72,000 after buying an additional 746 shares during the period. Institutional investors and hedge funds own 83.55% of the company’s stock.

Mimecast Stock Performance

Shares of MIME opened at $79.92 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a 50 day simple moving average of $79.92 and a 200-day simple moving average of $79.71. Mimecast Limited has a 1-year low of $45.66 and a 1-year high of $85.48. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 114.17 and a beta of 1.35.

Analyst Ratings Changes

MIME has been the subject of several recent research reports. StockNews.com upgraded shares of Mimecast from a “hold” rating to a “buy” rating in a research note on Monday, May 16th. HC Wainwright increased their price target on shares of Mimecast from $64.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, May 23rd. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $78.23.

About Mimecast

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Mimecast Limited provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security solution, which protects against the delivery of malware, malicious URLs and attachments, spam, viruses, impersonation attacks, phishing, and spear-phishing attacks, including business email compromise, identity theft, extortion, fraud, and other attacks, while also preventing data leaks and other internal threats, as well as provides awareness training services.

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Institutional Ownership by Quarter for Mimecast (NASDAQ:MIME)

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